Construction industry, Business, UK news, Interest rates, Housing market Business | The Guardian
Housebuilder issues profit warning and slashes dividend, saying buyers are waiting for interest rate cutsBusiness live – latest updatesThe UK housebuilder Crest Nicholson has tumbled into the red and slashed its dividend, highlighting the struggles in the UK property sector.Warning for the fourth time in a year that profits would be below expectations, the FTSE 250 company said it continued to be buffeted by volatile mortgage rates and slowing demand in the housing market. Continue reading…
Housebuilder issues profit warning and slashes dividend, saying buyers are waiting for interest rate cuts
Business live – latest updates
The UK housebuilder Crest Nicholson has tumbled into the red and slashed its dividend, highlighting the struggles in the UK property sector.
Warning for the fourth time in a year that profits would be below expectations, the FTSE 250 company said it continued to be buffeted by volatile mortgage rates and slowing demand in the housing market.
